President Donald Trump’s new trade deal with Japan has created tension among American automakers who now worry they are at a disadvantage compared to their foreign competitors.
According to Politico, the preliminary agreement shows Trump will lower tariffs for Japanese auto manufacturers from 25 percent to 15 percent, while his broader tariff policy continues to impact various goods. This reduction applies to both Japanese cars and auto parts, while U.S. companies still face higher duties for using parts from Mexico and Canada.
